Egypt sets its sights on artificial intelligence

From fonYou partnering with a mobile operator in Egypt to use its AI module to reach the unbanked, to funding for Widebot’s Arabic language chatbot, signs of interest in artificial intelligence are on the rise in Egypt.

virtual eye / digital surveillance, privacy / artificial intelligence / machine learning
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Interest in artificial intelligence is on the rise in Egypt as enterprises embrace emerging technology to expand into new markets, investors back AI startups and government initiatives support education and awareness of the technology.

There is mounting evidence that private enterprise is embracing AI. Recently, for example, AI and anlytics vendor fonYou partnered with a mobile operator in Egypt to use its AI module to reach the unbanked, and Widebot just raised a six-figure (USD) Pre-Series A investment for its Arabic language chatbot.

Meanwhile, the government is looking to develop AI capabilities in a number of ways, including launching its first AI faculty at Kafr El Sheikh University. Egypt is aiming to have 7.7 percent of its GDP derived through AI by 2030, a figure touted in the PricewaterhouseCoopers (PwC) report, The Potential Impact of AI in the Middle East.

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